Sandwich bar / Coffee Shop For Sale in Fulford, York

Price: £59,950

Attractive and profitable business in excellent location.

Ref: C 925

Tenure: Leasehold

We are pleased to offer this well known and highly successful sandwich bar / coffee shop specialising in the sale of freshly prepared hot and cold sandwiches, paninis, salads, hot and cold drinks etc all prepared using locally sourced produce where ever possible. The business is run from spacious and well appointed premises located in a prominent position fronting Fulford Road about one mile south of the city centre. To the front of the premises there is a deep forecourt which is used in summer months as an additional seating area supplementing the 15 approx covers inside. The owner works 3 days out of 6 and there are two full time employees working 5 days a week and 2 part time staff working 12 hours each per week. As well as retail sales there is also some outside catering undertaken which could no doubt be expanded if required. Viewing of this highly desirable business is strongly recommended.

ACCOMMODATION ( note, all dimensions are approximate and subject to confirmation )

The premises are shown on the Valuation Office Rating web site as having a RV of £11,700. Under current arrangements for small businesses, no rates should be payable however interested parties should check this information prior to proceeding.

LEASE

A new lease on effective full repairing and insuring terms is available for a term to be agreed at a commencing rent of £15,000pa.

BUSINESS

The business is open from 7.30am to 3.00pm Mon to Fri and 8.00am to 3.00pm Saturdays. Accounts for Year Ended 31/3/17 show sales of £151,748 with average sales over the past 4 years being £147,711. Gross profit was £84,746. We calculate that the adjusted net profit for 2017 assuming a two person team with part time staff was around £34,750 ( assuming wage costs of £22,000)

EPC

The property has an EPC rating of D 92.

COSTS

The purchaser will be required to pay a contribution of £450 + vat towards the landlords legal costs involved in preparing the lease.

PRICE

AROUND £59,950 + sav.

Viewing
By arrangement with The Agents on 01904 794812.Important
Where staff are employed in a business, it is possible that they are unaware of any impending sale, therefore it is essential that all viewings are arranged through us and no direct approaches should be made under any circumstances.Vat
All prices and rents are deemed to be exclusive of any VAT which may apply.Note
Details and general information provided within these particulars have been confirmed by The Client, are given in good faith and are believed to be correct, however all proposed purchasers/tenants must satisfy themselves as to the correctness of the information provided. We understand that all services and items of equipment are in functional order, but no warranties can be given in this respect. Neither the agents nor any person in their employ bind themselves in any way, nor are any warranties given as to the correctness of the information provided. No part of these particulars form part of any contract or agreement for sale or lease